RI Credit Union Merges With Alliance Blackstone Valley Federal Credit Union
GoLocalProv Business Team
RI Credit Union Merges With Alliance Blackstone Valley Federal Credit Union
The merger is pending the approval of the Alliance Blackstone Valley Federal Credit Union membership and regulatory agencies.
“We are pleased that Rhode Island Credit Union and Alliance Blackstone Valley Federal Credit Union have reached this merger agreement. We look forward to completing the merger and combining our resources to meet the financial needs of current and future members,” said Rhode Island Credit Union President and CEO David Suvall.
GET THE LATEST BREAKING NEWS HERE -- SIGN UP FOR GOLOCAL FREE DAILY EBLASTThe combined institution will operate under the Rhode Island Credit Union name.
The Merger
Following the approval of the merger, Alliance Blackstone Valley Federal Credit Union’s $30 million in assets will be assumed by Rhode Island Credit Union.
Alliance Blackstone Valley Federal Credit Union has approximately 2,800 members and operates one branch in Pawtucket.
Suvall added, “Upon completion of the merger, Alliance Blackstone Valley Federal Credit Union members will enjoy added convenience at our five statewide branches and ATM locations; access to a nationwide network of surcharge-free ATMs; and a host of free online and mobile banking services. Rhode Island Credit Union fully intends to continue business at the Alliance Blackstone Valley Federal Credit Union location at 594 Central Ave., Pawtucket, RI.”
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